OCBJ WEBSITE DAILY STORIES

OCBJ INSIDER

Letters to Investors

IPO prospectuses can be dry affairs, 200+ pages of legal disclaimers, corporate buzzwords and often undecipherable financials, with the occasional item of note sprinkled in.

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Masimo Brings Patient Monitoring App to Businesses

Automation, Wearables Fuel Record Year of 2020 Sales

Irvine-based medical device maker Masimo Corp. has expanded a web and mobile app developed to help hospitals monitor COVID-19 patients at home to universities, production studios and other businesses

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Homebuilders See 2020 Rebound Continue Into 2021

Attached Homes Up 24%; Lack of New Inventory

Local homebuilders and developers enter 2021 on a wave of optimism, with the biggest challenge finding land in Orange County to build more homes, especially less-expensive offerings

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OCBJ INSIDER

The Price of Growth

Newport Beach-based Harvey & Co. helps OC firms grow their business; Santa Ana’s Allied may become OC’s largest private company by revenue; HP Inc. will be purchasing the HyperX gaming products maker from Kingston in $425M deal

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Raine Power

Loraine Dowdy Builds Cosmetics Powerhouse in San Clemente

Loraine Dowdy builds cosmetics powerhouse in San Clemente

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Jason McClain Uncorks His Passion for Wine

FOOD: Laguna Beach Winery on fast-track; founder ‘made to do this’

Jason McClain, founder of up-and-coming winery McClain Cellars, runs one of the few Black-owned wineries in the region

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OCBJ INSIDER

Home Sales

LoanDepot becomes OC’s sixth-largest public company by market value; CoStar Group Inc. 'stunned' to read of CoreLogic buyout; Yucaipa Cos. of Los Angeles takes heavy equity stake in Steinberg Sports and Entertainment

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OC Banks Roar Back to Life

Latest Earnings Show Stunning Turnarounds

CommerceWest Bank attained a remarkable achievement in the fourth quarter—its $582 million loan portfolio had zero non-performing loans despite being in the middle of a pandemic that has devasted thousands of businesses.

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Hiperwall Introduces New Video Wall Capabilities

Company’s Software Used in 71 Countries

Irvine-based software maker Hiperwall Inc. introduced latest update software that powers video wall displays at 3,000 sites in 71 countries

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Banc of California’s Profit Emerges

‘Made Significantly’ More Money in 2020

Since Jared Wolff in 2019 became CEO of Santa Ana-based Banc of California Inc. (NYSE: BANC), the second biggest in Orange County, he’s focused on lending to the real estate and health sectors. He’s dumped expensive pet projects of previous executives such as the naming rights to a new soccer stadium in downtown Los Angeles.

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IDI Logistics Breaks Ground on Brea Project

Bought Second Site In City Last Year

IDI Logistics bought second site in city last year

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Pacific Mercantile Profit Up Eightfold

Shifts More Personnel Towards Business Development

Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) reported fourth-quarter net income jumped to $3.7 million from $440,000 in the same period a year ago.

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ATI Expands Internal App to Customer Use

Aims to Be Tech Solution For Crisis Management

Anaheim-based, family-owned firm ATI Restoration LLC has made an app its workers had been using within the company available to its broader customer base.

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Bank Deposits Soar 23% to $151B

Pandemic Fears Overblown; Branches Continue Decline

Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.

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CareTrust REIT Beats Goals in Challenging 2020

New President and GC; Skilled Nursing Recovery

As several major healthcare real estate investment trusts withdrew 2020 guidance last spring, CareTrust REIT Inc. stuck to its prediction of net income of approximately 76 to 78 cents per share.

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STARTUPS & INNOVATIONS

PatientFi LLC this month announced a co-marketing partnership with fellow Irvine-based Allergan Aesthetics to provide financing options for patients interested in Natrelle breast implants.

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NICOLE SUYDAM

2019 OC 500

CEO, President, Goodwill of Orange County

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Frank Martell Gets His Price on CoreLogic

FINANCE: Data firm selling for $6B; 51% premium

Frank Martell spent three years telling Wall Street that his CoreLogic Inc. was undervalued when its stock hovered around $40 a share.

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Wil Power Connects Salons to Advertisers

MARKETING: Network of 100,000 barbers, salons

Wil Shelton never set out to be a marketing guru when he obtained his license in cosmetology, but 25 years later, the executive sits from a powerful perch when it comes to connecting global brands with the African American consumer.

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Beckman Coulter Challenges Status Quo Amid COVID

Diagnostic Tests to Market in Record Time

There was never a question of whether Beckman Coulter Diagnostics would aid in the fight against COVID-19.

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Hospital Revenue Dips 1%, Net Income Drops 17%

In-Person vs. Telehealth; Expansion Plans Continue

Orange County hospitals saw mixed financial outcomes in 2020.

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OC’s Thriving Diagnostics Industry Has Breakout Year

COVID-19 Spurs Growth; Investor Interest Abounds

Orange County’s hub of diagnostics firms largely defied healthcare employment trends in 2020.

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Rebranded Resort Becomes OC’s First Waldorf Astoria

HOTELS: Former Ritz Carlton exec named GM

Debuting a new hotel looks a bit different this time around for George Munz, a former Ritz-Carlton executive tapped to open the first Waldorf Astoria property in Orange County.

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BPM’s COO a Vet In Accounting Growth

SERVICES: Jackson tapped by BPM in ’20

Scharrell Jackson spent 20 years at Irvine’s Squar Milner LLP, rising to partner, chief financial officer and chief operating officer.

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Blizzard Fanfest Goes Online in February

Company Buoyed By Better-Than-Expected Q4

Video game maker Blizzard Entertainment Inc. in Irvine is heading toward its BlizzConline fanfest this coming weekend while its parent company recently posted pandemic-driven earnings that far exceeded expectations.

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